Sworders Court & Basbow House Bishop's Stortford Hertfordshire CM23 2TW

Sworders Court & Basbow House
Bishop's Stortford
Hertfordshire
CM23 2TW

Freehold Retail and Office Investment

Tenants include Pearsons Department Store and Pellys LLP
Prominent town centre location
Nearby occupiers include HSBC, NatWest, Pizza Express and Savills
Established retail/office area
Active management opportunities
On-site car parking for approximately 12 cars

Lot
45
Auction
8th July 2010
Rent
£166,100 per Annum
Status
Sold Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Retail and Office Investment

Tenants include Pearsons Department Store and Pellys LLP
Prominent town centre location
Nearby occupiers include HSBC, NatWest, Pizza Express and Savills
Established retail/office area
Active management opportunities
On-site car parking for approximately 12 cars

Lot 45
Auction 8th July 2010
Rent £166,100 per Annum
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Miles: 2 miles west of the M11 (Junction 8/8A); 19 miles north-west of Chelmsford; 37 miles north of London
Roads: A120, M11, A1, M25
Rail: Bishop's Stortford Railway Station
Air: London Stansted Airport

Situation

The property is situated in a prominent town centre location adjoining Pearsons Department Store, with Basbow House fronting Basbow Lane and Sworders Court being accessed from North Street, one of the town's main retail areas. Nearby occupiers include HSBC, NatWest, Pizza Express and Savills.

Tenure

Freehold.

Location

Miles: 2 miles west of the M11 (Junction 8/8A); 19 miles north-west of Chelmsford; 37 miles north of London
Roads: A120, M11, A1, M25
Rail: Bishop's Stortford Railway Station
Air: London Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises TWO SEPARATE UNITS. Sworders Court which comprises a GROUND FLOOR RETAIL UNIT with OFFICE ACCOMMODATION on first to third floors, and Basbow House, which comprises OFFICE ACCOMMODATION on first and second floors, with undercroft parking to the ground floor. There is on-site parking for approximately 12 cars.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews/(Reversions)
Sworders Court	Ground	Retail	436 sq m	(4,697 sq ft)	PEARSONS ENFIELD LTD (1)	25 years from 29/05/1998 until 28/05/2023	£45,000	2008 and 5 yearly thereafter
Sworders Court	First Second Third	Office Office Office	168.67 sq m 168.67 sq m 168.67 sq m	(1,814.67 sq ft) (1,814.67 sq ft) (1,814.67 sq ft)	R PELLY, C GRIMWADE & P PELLY (t/a Pellys LLP) (2)(3)	25 years from 24/06/1987	£87,100	(23/06/2012)
Basbow House	First Second	Office Office	89 sq m 101 sq m	(958 sq ft) (1,087 sq ft)	GANTRADE (UK) LTD (4)	25 years from 24/06/1987	£34,000	(23/06/2012)
Totals			1,132 sq m	(12,186 sq ft)			£166,100

(1)Pearsons (Enfield) Ltd, established in 1903, run department stores and now employs over 400 people, operating from branches in Bishop's Stortford, Enfield and East Barnet. (Source: www.pearsons-enfield.co.uk 11/06/2010) (2) Please note the tenant has sub-let part of their demise to KMD Enable Financial Management. (3) Pellys LLP is a local experienced commercial law practice founded in 1971 which operates from offices in Bishop's Stortford, Saffron Walden and Cambridge. (Source: www.pellys.co.uk 11/06/2010) (4)Gantrade (UK) Ltd is an experienced and worldwide marketer of a broad range of petrochemical-based products and has been established for over 35 years. (Source: www.gantrade.com 11/06/2010)